Home Improvement


Home Improvement

Upgrading your home can be easy and affordable. Improvements must adhere to local building codes and follow designs and specifications approved by local regulatory bodies.

  • Interest Rate – 6%
  • Up to 100% Financing
  • Repayment Term of up to 30 years
  • Acceptance Fee of up to 1% of the Loan Amount or $500.00 minimum
  • Life Insurance is not required as additional security
  • Mortgage Indemnity is not required

Improve your home - TTMF

After you have been prequalified, building plans must be drawn and approved by the Town and Country Planning Division and Regional Corporation. Learn how to compile the legal documentation required to renovate a home in our How-to-Guide.


Standard Documents

  • Evidence of Nationality (2 Forms of ID)
  • National Insurance (NIS) Number
  • Income Tax (BIR) Number
  • Evidence of Income, (Job Letter / Pay Slip)*
  • Evidence of Savings & Indebtedness**
  • Most Recent Credit Card Statement(s)
  • Title Deed(s) or Lease and/or Mortgage Deed
  • Valuation Report
  • Up-to-date receipts for Land & Building Taxes, Water & Sewerage Rates & Lease Rent
  • WASA Clearance Certificate
  • Utility Bill


Additional Documents

  • Approved Building Plans from Town & Country Planning Division & Regional Corporation (as applicable)
  • Signed Builder’s Estimate, in phased scheduled draw-downs
  • Quantity Surveyor’s Report where the cost of the renovation/repairs exceeds $450,000.00 (as applicable)
  • Completion Certificate from the Regional Corporation & final Valuation Report upon completion of Renovation (as applicable)

Two (2) copies of all documents must be provided

*Evidence of Income: Submit an Original Job Letter & Pay Slip. If self employed, submit Financial Statements for the last three (3) years and Bank Statements for the last three (3) years, stating the average monthly balance. If you are employed on contract, submit copies of employment contracts for the last three (3) years.

**Evidence of Savings & Indebtedness: Submit Statements from all Financial Institutions with which you deal, including Credit Unions (monthly payments towards loans must be indicated on these statements).


What do I need to pay?

Estimated Application Costs

  • Application: $150.00
  • Title Search: $1,500.00 (initial)
  • Acceptance Fee: 1% of Loan Amount or $500.00 minimum
  • Credit Bureau Report: $75.00 per applicant
  • Site Visit: $500.00 per visit (as applicable)

Closing Costs

  • Legal Fees
  • Statutory Fees (Stamp Duty & Registration Fees)
  • Interim interest
  • 3 months’ Rates & Taxes
  • 3 months’ maintenance fees (as applicable)
  • 1 year’s lease rent (as applicable)
  • Contractor’s All Risks Insurance Premium (as applicable)

Get the financing you need.

Financing is available for various purposes to help you maximise your wealth in your home.

Mortgage Financing is available for the purchase of residences of all types.

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Bridging and long-term loans are available to finance your home construction.

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Financing is available for the purchase of residential building lots and land approved for homesteads.

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Tapping into the wealth of real estate is one of the benefits of home ownership.

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We’ve got you covered.

Advance Protector

Keep your family covered in the storm of your passing. In the event of your untimely passing you don’t have to leave your family with the additional grief of struggling to make mortgage payments.

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